UBI Services Limited (UBISL) is a wholly owned subsidiary of Union Bank of India, a premier Public Sector Bank, having its registered office at Mumbai. The Company (Earlier Corpbank Securities Ltd and now UBI Services Ltd) was incorporated and accredited as primary dealer in the year 1999. The primary dealer activity was taken over by the parent bank ( Then Corporation Bank) in 2007.
The Company is presently engaged in giving broking services to the Institutional clients in Capital Market Segment. Other than that, the Company has been undertaking various other business activities like distribution of Mutual Fund schemes, trading in the Govt. debted Securities, Certificate of Deposits, Treasury bills, and Commercial papers. Apart from that, the company is prominently into the business of distribution of Retail Loan Products for the Parent Bank i.e Union Bank of India.
“To work together towards delivering excellent, responsive customer service by leveraging on technology and human resources”
“To be a leading next generation digital savvy financial services provider excelling in customer service delivery and value creation for all stakeholders”
Shri Rajkiran Rai G. has been serving as a Non-Executive Director and Chairman of the Company since 1st August 2020. He is the Managing Director & CEO of Union Bank of India & also the Chairman of Indian Banks' Association (IBA).
Mr. Rajkiran Rai G. is an agricultural science graduate and also a certified member of Indian Institute of Bankers (CAIIB). Mr. Rai has more than three decades of rich banking experience which includes heading Industrial Finance Branch, Regions and Zonal Offices.
Shri Nitesh Ranjan is Non-Executive Director of the company since 16th March 2022. He is the Executive Director of Union Bank of India since March 10, 2021. He was appointed to this position by the Central Government.
Shri Rajneesh Karnatak is a Non-Executive Director of the Company since 16th March, 2022. He is the Executive Director of Union Bank of India since 21st October, 2021.
Mr. Satyanarayana Pathuri has been serving as a Non-Executive Director of the Company since 4th November 2020. He is the Chief General Manager heading digitization vertical of Union Bank of India.
Mr. Sudarshana Bhat has been serving as a Non-Executive Director of the Company since 1st August 2019. He is the General Manager, Treasury of Union Bank of India.
Mr. Manoj Kumar is the Managing Director & Chief Business Officer of UBI Services Ltd (UBISL), & a seasoned banker with about two decades' of banking experience.
Shri B N S Ratnakar is an Independent Director of the company since 27/07/2021. He is an Agricultural Science graduate from Bengaluru.
Dr. Seema Gupta is a former Professor of Indian institute of Management Bangalore (IIM-B). She is a consultant, trainer, author & speaker of Digital Marketing.
Shri Rajkiran Rai G. has been serving as a Non-Executive Director and Chairman of the Company since 01.08.2020. He is the Managing Director & CEO of Union Bank of India & also the Chairman of Indian Banks' Association (IBA). Mr. Rajkiran Rai G. is an agricultural science graduate and also a certified member of Indian Institute of Bankers (CAIIB). Mr. Rai has more than three decades of rich banking experience which includes heading Industrial Finance Branch, Regions and Zonal Offices. Starting his career in 1986 as an Agricultural Finance Officer in Central Bank of India, Mr. Rai rose through ranks heading various branches at different parts of the country. On his elevation as General Manager, he was given the responsibility of heading Human resource Development Department. He was the Field General Manager of Mumbai Zone of Central Bank of India, when he was elevated to the post of Executive Director of Oriental Bank of Commerce. He is the Chairman of Union Bank of India (U.K.) Limited, Union Asset Management Company, Star Union Dai-Ichi Life Insurance Company Limited, and Director on the Board of EXIM Bank and United India Insurance Company Limited. Earlier, he has served on the Board of Oriental Insurance Company Limited, Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Mr. Rai also served as Head of the Committee to advise the Banks Board Bureau (BBB) on evolving suitable training & development programs for management personnel in Public Sector Banks. Mr. Rai is the Chairman of Indian Banks’ Association (IBA). Of his multiple responsibilities at the IBA, he also serves as Chairman, Managing Committee and Chairman, Standing Committee on HR & IR, and Chairman, Wage Negotiation Committee. Mr. Rai is a winner of several prestigious industry awards and accolades. Mr. Rai is awarded ‘CEO with HR Orientation’ by World HRD Congress for his distinguished approach to capability building through training and leadership development. He has also been conferred Honorary Fellowship by Indian Institute of Banking & Finance (IIBF) in recognition of his invaluable contribution in the field of banking and finance.
Shri Nitesh Ranjan is Non-Executive Director of the company since 16th March 2022. He is the Executive Director of Union Bank of India since March 10, 2021. He was appointed to this position by the Central Government. Shri Ranjan has been with the Bank since 2008. He was Chief General Manager, responsible for steering Bank’s vision and goals including strategic agenda of end-to-end digitisation. Prior to this, he was the head of Treasury operations. He also occupied several important positions in the Bank, namely, Chief Investor Relations Officer, Head of Balance-Sheet Management Group, Chief Economist, and Regional Head. He started his career with Food Corporation of India as management trainee, and then moved to Andhra Bank. He is a member of the Board of Directors of National Payments Corporation of India (NPCI) and SUD Life Insurance. He was earlier on the Board of SBI Global Factors Ltd, and FIMMDA (Fixed Income Money Market and Derivatives Association of India). He was also a founding member of India Forex Committee (IFXC). Shri Nitesh Ranjan, 45, is a post graduate in Economics. He has also completed Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. Ltd. He dedicated 100 days for imparting ‘Spoken English Programme’ to underprivileged youth, under TeachIndia initiative.
Shri Rajneesh Karnatak is a Non-Executive Director of the Company since 16th March, 2022. He is the Executive Director of Union Bank of India since 21st October, 2021. He was a Chief General Manager of Punjab National Bank posted at Corporate Office. He is a Post Graduate in Commerce (M.Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB). Shri Karnatak has a rich banking experience of over 27 years and carries varied branch and Administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank Shri Karnatak has attended various training and Leadership Development Programs from IIM-Kozikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi & IIBF (Indian Institute of Banking & Finance). He was a part of 1st batch of Senior Officers selected by Banks Board Bureau for Leadership Development Program of IIM Bangalore & Egon Zehnder. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/special emphasis on Credit Risk. He has also served as Nominee Director on the behalf of Punjab National Bank in the Board of: 1. PNB Housing Finance Ltd. and 2. India SME Asset Reconstruction Company Limited
Mr. Satyanarayana Pathuri has been serving as a Non-Executive Director of the Company since 4th November 2020. He is the Chief General Manager heading digitization vertical of Union Bank of India. Mr. Satyanarayana Pathuri has completed his Master in Science from G.B.Pant University and is also a certified member of Indian Institute of Bankers (CAIIB). Mr. Pathuri has started Career with Union Bank in 1988 as an RDO and rose through ranks heading various branches at different parts of the country. He has a wide experience as a Regional Head of Delhi & Jabalpur, Zonal Head of Ahmedabad & Mumbai, and also as a vertical Head of Customer Relationship & Business Development (CRBD ) Department at Head office. He has done various leadership programme including leadership during turbulent times and digital marketing.
Mr. Sudarshana Bhat has been serving as a Non-Executive Director of the Company since 1st August 2019. He is the General Manager, Treasury of Union Bank of India. Mr. Sudarshana Bhat has completed his Master in Commerce and is also a certified member of Indian Institute of Bankers (CAIIB). Mr. Bhat has started Career with Corporation Bank (now Union Bank of India), in 1986 and rose through ranks heading various branches at different parts of the country. He has a wide experience of Forex & Treasury operation and has worked in different capacity in Treasury and Investment department of the Bank. He has done various executive development programmes including programme on Risk Management, Stress Management, cyber security, Programme on Financial derivatives etc.
Mr. Manoj Kumar Managing Director & Chief Business Officer of UBI Services Ltd (UBISL), is a seasoned banker with about two decades' of banking experience. He has grown through assuming varied responsibilities in business development leadership including that of heading of Treasury Back office, various large branches including Industrial Finance Branch, as well as in administrative roles with the Parent Bank, Union Bank of India. In his latest assignment with Union Bank of India he had been working as the Deputy General Manager and Regional Head, Indore Region managing 90+ branches spreaded amongst 14 districts. He is a Mathematics graduate and a Certified Associate of Indian Institute of Banking and Finance (CAIIB) and has done various leadership programme. Mr. Manoj also had a stint abroad at Abu Dhabi Centre (UAE) for about three years
Mr. B N S Ratnakar is an Independent Director of the company since 27/07/2021. He is an Agricultural Science graduate from Bengaluru. He has served Central Bank of India, both in the field and administrative level for four decades. He has headed Corporate finance branch, largest branch of the bank at Mumbai. He has served as zonal head of Kolkota and Delhi Zones as General Manager. Post superannuation, as Chief General Manager from Central Bank of India, he served as Internal Ombudsman (chief Customer service Officer) of Canara Bank for two years. He has headed Retail Resources, Marketing, Corporate Communications, Transaction Banking, Credit card, New initiatives, and Recovery departments at Central Bank of India as Chief General Manager. Mr. B N S Ratnakar has served as Nominee director on the boards of Central Warehousing Corporation, CSC e-Governance Services India LTD, both Central Govt companies besides Cent bank Home Finance Ltd, UV Asset Reconstruction Co Ltd. Mr. B N S Ratnakar has served as Independent Director on the board of Canara Bank Financial Services LTD, a wholly owned subsidiary of Canara bank for 3 years. He is associated with Advitheya Business Consultants Ltd, Bengaluru, as Advisor and is presently mentoring the company. As a part of service to the society, Mr Ratnakar is associated with many NGO's and Civic organisations in Bengaluru with focus on upscaling the environment through Sustainable living.
Dr. Seema Gupta, Independent Director Dr. Seema is a former Professor of Indian institute of Management Bangalore (IIM-B). She is a consultant, trainer, author and speaker of Digital Marketing. She is also a TEDx Speaker. She holds a PhD in Management and a Master's Degree in Business Administration. She has consulted and trained many reputed organizations in digital marketing and contributed to their growth in revenues. Her textbook on Digital Marketing is used across many top business schools in India. She has published a paper in FT 50 journal. Her case studies on Fortune 500 companies have been published in Harvard Business School Publishing
Mr. Manoj Kumar Managing Director & Chief Business Officer of UBI Services Ltd (UBISL), is a seasoned banker with about two decades' of banking experience.
Mr. V Radhakrishnan is the Chief Finance Officer of the company and also its Digital Partnership head.
Ms Rajani Shibroor is the Whole Time Company Secretary and Compliance Officer of the Company.
Mr. V Radhakrishnan is the Chief Finance Officer of the company and also its Digital Partnership head. He holds Masters degree in business administration and is a certified associate of Indian Institute of Banking and finance (CAIIB). During his stint with erstwhile corporation bank since 2002 he has worked in across pan India locations and in various capacities. He has rich experience in marketing bank products and awarded by the bank for stellar performances during his tenure as branch head for eleven years. Mr. V Radhakrishnan is responsible for sourcing business leads through digital leads and believes in the philosophy – Employ tech empower team.
Ms Rajani Shibroor is the Whole Time Company Secretary and Compliance Officer of the Company. She has Diploma in Business Administration (Finance) and Certified Associate of Indian Institute of Banking and Finance (CAIIB). She has more than two decades of banking experience in branches and administrative office. She has rich experience in trade finance (Domestic and International).
The Corporate Social Responsibility (CSR) Policy of CorpBank Securities Limited has been developed in accordance with section 135 of the Companies Act 2013 on CSR and in accordance with the CSR rules notified by the Ministry of Corporate Affairs, GOI on 27th February 2014.
The Policy shall apply to all CSR projects/ programs undertaken by the Company in India as per Schedule VII and applicable rules and regulations of the Act.
The CSR Policy of the Company aims to achieve, consolidate and strengthen Good Corporate Governance including socially and environmentally responsible business practices that balance financial profit with social well being.
The Company Board of Directors shall ensure that in each financial year the Company spends at least 2% of the average Net Profit made during the three immediate preceding financial years. “Net profit” means the net profit as per the financial statement of the company prepared in accordance with the applicable provisions of the Act, but shall not include the following:
Any profit arising from any overseas branch or branches of the company, whether operated as a separate company or otherwise, and
Any dividend received from other companies in India which are covered under and complying with the provisions of section 135 of the Act
As per section 135 of the Companies Act, the Company will report reasons for under spending of the allocated CSR budget of the current financial year in the template provided by the Ministry of Corporate Affairs. This reporting will be done in the Annual Report of the Company and signed by the Board of Directors.
In case of any surplus arising out of CSR projects the same shall not form part of business profits of the Company.
The Company may collaborate or pool resources with other companies and its group companies to undertake CSR activities or any other non-profit organization, if required.
The Company will endeavor to undertake and implement CSR programmes / projects and focus CSR spends on specific pre-determined causes and areas of intervention within the gamut of CSR activities specified broadly in Schedule VII of the Companies Act, 2013.
A robust Company mechanism for evaluation will be put in place. The purpose of the evaluation will be clearly identified with the objective to understand the difference between the achieved outcome and the expected outcome and the reasons behind the difference and corrective steps and any identify any good practices. There shall be clarity about the scope of the program and the need before evaluations are undertaken.
The Company shall report the CSR activities undertaken by the Company, the amount spent thereon and related details as and when the meeting of the CSR Committee takes place.
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